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Forbes now pegs it at $105 billion as of Oct. 25. It may sound strange to hear a billionaire discuss willingly handing over such a large sum in taxes, but to Gates it’s about fairness and ...
A Democratic proposal to tax the unrealized gains of billionaires could have an unwanted side effect: the government cutting checks to the wealthiest in down times.
A viral claim relies on a misleading definition of income.
Distribution of average tax rates including individual income tax and employee payroll tax. The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy. [5]
On December 23, 2014, Chairman Issa's staff released a new report that found that "[t]he IRS's inability to keep politics out of objective decisions about interpretation of the tax code damaged its primary function: an apolitical tax collector that Americans can trust to treat them fairly."
Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on ...
[2] [3] The 16-day-long shutdown of October 2013 is the third-longest government shutdown in U.S. history, after the 35-day 2018–2019 shutdown and the 21-day 1995–96 shutdown. A "funding-gap" was created when the two chambers of Congress failed to agree to an appropriations continuing resolution.
Here's why a billionaire's tax may go nowhere. For premium support please call: 800-290-4726 more ways to reach us